Hi, this is my first forum so am exited to see how it works. Please forgive me if I don't follow correct etiquette.
My question I wanted to put to the forum, has to do with getting a value in the total cell, being the average of a number of other cells, but a different weighting attached to each of them.
If I may explain; if you have 5 categories on which you are rated (rated between 1 – 5), and each of them has an equal weighting (so 20% in order to make up 100% in total), it would be easy (I think), to simply use the average formula to get the final score out of 5.
However, I have no clue how to adjust for different weightings. How will I create a formula for the “final score” cell taking into account the different weightings for example:
Task 1 - score 3 (weighting 10%)
Task 2 - score 2 (weighting 30%)
Task 3 - score 5 (weighting 10%)
Task 4 - score 3 (weighting 20%)
Task 5 - score 4 (weighting 30%)
any assistance would be really helpful.
Kind regards,
My question I wanted to put to the forum, has to do with getting a value in the total cell, being the average of a number of other cells, but a different weighting attached to each of them.
If I may explain; if you have 5 categories on which you are rated (rated between 1 – 5), and each of them has an equal weighting (so 20% in order to make up 100% in total), it would be easy (I think), to simply use the average formula to get the final score out of 5.
However, I have no clue how to adjust for different weightings. How will I create a formula for the “final score” cell taking into account the different weightings for example:
Task 1 - score 3 (weighting 10%)
Task 2 - score 2 (weighting 30%)
Task 3 - score 5 (weighting 10%)
Task 4 - score 3 (weighting 20%)
Task 5 - score 4 (weighting 30%)
any assistance would be really helpful.
Kind regards,